Chhattisgarh to trap the fallouts of recession in America by alluring the investors to come to the state endowed with rich minerals.
A delegation led by Chief Minister Raman Singh today left for United States on 11-day official tour. He had been accompanied by senior officials of the industry department. During his visit, Singh would visit California, Los Angeles and San Francisco.
Senior official with the industry department said that the delegation would meet the investors working in the field of Information Technology (IT), Bio Technology and Engineering industry. The Chief Minister would also attend the investors meet organized by the US-India Business Council (USIBC).
“Since America is facing the impact of recession, Chhattisgarh government plans to trap the same and divert the investors to Chhattisgarh as industrialists are wary of investing in the United States in the present economic scenario,” a senior department official told Business Standard. Those unwilling to invest in the United States would be requested to come to Chhattisgarh, the official added.
The state government has planned to give presentation of its rich mineral resources in America to allure the investors. The officials would demonstrate that the state had been gifted with world-class iron-ore and coal deposits, which had made Chhattisgarh a dream destination for the investors.
During his America visit, Singh would also meet the non-resident Indian Industrialists and discuss about the investment plan for the state with them. The officials said that the state government was expecting that it would succeed in drawing investment for the state.
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The opposition Congress has however said that the America visit of Chhattisgarh Chief Minister would be of no use for the state. “The US visit of Singh is no way going to help the state as the possibility of drawing investment is bleak,” Leader of Opposition in the Chhattisgarh Legislative Assembly Ravindra Choubey said.
During his last America visit, Singh had claimed that Texas was coming with a big investment in the state, Choubey said. The company Texas PowerGen, USA inked a deal with the state government in June 2005 to set up a 1,320 MW thermal power plant besides a sponge iron unit and a captive power plant.
“The company never turned up while the government had to scrap the agreement in 2007 when Texas failed to show any interest in going ahead with the project,” Choubey added.